Data from the Mexican Hydrogen Trade Agency show that there are currently at least 15 green hydrogen projects under development in Mexico, with a total investment of up to 20 billion US dollars.
Among them, Copenhagen Infrastructure Partners will invest in a green hydrogen project in Oaxaca, southern Mexico, with a total investment of US$10 billion; French developer HDF plans to invest in 7 hydrogen projects in Mexico from 2024 to 2030, with a total investment of US$10 billion. $2.5 billion. In addition, companies from Spain, Germany, France and other countries have also announced plans to invest in hydrogen energy projects in Mexico.
As a major economic power in Latin America, Mexico’s ability to become a hydrogen energy project development site favored by many large European and American countries is closely related to its unique geographical advantages.
Data show that Mexico has a continental climate and a tropical climate, with relatively concentrated rainfall and abundant sunshine most of the time. It is also one of the windiest regions in the southern hemisphere, making it very suitable for the deployment of photovoltaic power stations and wind power projects, which is also the energy source for green hydrogen projects. .
On the demand side, with Mexico bordering the U.S. market where there is a strong demand for green hydrogen, there’s a strategic move to establish green hydrogen projects in Mexico. This aims to capitalize on lower transportation costs to sell green hydrogen to the U.S. market, including regions like California which shares a border with Mexico, where hydrogen shortages have recently been observed. The long-distance heavy-duty transportation between the two countries also requires clean green hydrogen to reduce carbon emissions and transportation costs.
It is reported that leading hydrogen energy company Cummins in the United States is developing fuel cells and hydrogen internal combustion engines for heavy-duty trucks, aiming for full-scale production by 2027. Heavy-duty truck operators operating at the U.S.-Mexico border have shown keen interest in this development. If they can procure competitively-priced hydrogen, they plan to purchase hydrogen fuel cell heavy trucks to replace their existing diesel trucks.
Post time: Apr-19-2024
